The recent deep correction of BTC is not clear, and the price may usher in another rebound
Wednesday, December 25, 2019
【News】
【News】
The US SEC will re-examine whether the upcoming Ethereum 2.0 involves securities transactions
【Market review】
【Market review】
【Technical】
【Technical】
BTC market review: yesterday’s pancake opened at 7700 and fell rapidly after failing to hit 7700. It fell strongly below the middle track of the Bollinger Bands. The short position increased volume. MACD dead crossed, and the Bollinger Bands opened. The price returned to around 7300 again. Given a wave of decoys, the bulls counterattacked, and quickly raised the price to the 7400 line. During the evening session, it was suppressed by the upper track of the Bollinger Bands, and the price fell again, returning to the 7200 line. The overall trend yesterday was a fluctuating downward trend.
Today’s analysis: Today’s opening price tested the pressure level of 7300 and then fell again, trying to break through the strong support level of 7200, but 7200 is an important position where the long-short fight is fierce, and has not been able to effectively break through. From the current hourly analysis, the first-line support level of 7200 still belongs to An important support level. The current price is at the end of the triangle finishing range. Aggressive investors can choose to enter the market with multiple orders around 7200. Several important points to pay attention to today are 7350, 7300, and 7200. Aggressive investors can choose to sell high and buy low in this range to enter the market with multiple ideas.
Late forecast: If the price is around 7150~7050 again in the later period, investors can still choose to enter the market with multiple orders. Prudent investors can wait for the price to effectively break through 7350 and choose to enter the market with multiple orders.
ETH market review: Prince Edward fluctuated particularly violently yesterday. After testing the pressure at the high point at the opening, it quickly fell to near the previous rising point of 126.0, and then fluctuated and consolidated between 129.0 and 127.0.
Today's analysis: Today's trend is relatively slow, and the overall range has not yet escaped the 129-125 range for the time being, but the current trend is still more obvious with the short sellers. If the price can rebound to around 127.0 in the later period, radical investors can choose to enter the market with empty orders. There are a few important points to pay attention to today, 128.5, 127.0, 125.5. Aggressive investors can choose high-altitude low-long and main-short ideas to enter the market in this range.
Late forecast: According to the current daily chart, the price has fallen below the important support level of 127.0, and the next important support level is around 120. If the bulls counterattack and cannot stand above 127.0, the price is likely to drop again. If the 120 line The important support level is still valid. Aggressive investors can choose to enter the market with long orders. On the contrary, once 120 falls, they can enter the market with short orders. Steady investors can wait for the price to stand above 128.5 and choose to enter the market with long orders.
LTC market review: The overall trend of Litecoin yesterday was still dominated by a unilateral decline. After testing the high pressure level, the price fell rapidly, forming a sign of a double top. After a slight rebound, the bears continued to exert force and fell again to around the 40.00 integer mark. The bearish sentiment was relieved and the price rebounded slightly, testing the important pressure level of 41.00. The shorts were suppressed, and the price fell again, and the price returned to the 40.00 line.
Today's analysis: Strongly supported by the 40.00 integer mark, the price rebounded and rose in the early stage of the opening. It tried to stabilize the middle track of the Bollinger Band many times, and then continued to rise. However, because 41.00 is an important turning point, the bulls have never gained the upper hand. Continue to fall to the 40.00 line. Although the current price has another downward trend, the important support level of 39.00 cannot be ignored. A few points to pay attention to today: 41.00, 40.50, 40.00, 39.00. Aggressive investors can choose high in this range Sell low and buy more ideas to enter the market. If the price falls above 39.00 in the later period, aggressive investors can choose to enter the market with long orders. If the price directly falls below 39.00, they can enter the market with short orders. The price effectively stands above 41.00 and chooses to enter the market with multiple orders.
Late forecast: If the price drops to around 38.00 again in the later period, and there are obvious signs of bottoming, aggressive investors can choose to buy the bottom and enter the market with long orders. Once 38.00 is directly pierced, aggressive investors can choose to enter the market with empty orders.
Conclusion: The above analysis is for reference only. Investment is risky, and you need to be cautious when entering the market. Real-time understanding of the market trend dynamics, participation in interaction, attention to the tinkering team, and contact us to get real-time opinions in a timely manner. Thank you for your support and careful reading of the article! The Tindaobi team only does the most professional technical analysis and is your little financial steward. If you find it helpful, you can share it with your friends. For the rest of your life, you will be healthy, safe, happy, and rich!
